The rupee came under pressure as trade deficit widened to three-year high at United States dollars 14.88 billion in December, government data showed yesterday, imports surged almost 21.1 per cent year-on-year to USD 41.90 billion last month while exports grew 12.4 per cent on-year to USD 27.03 billion. Overnight, the dollar continued to fall against a currency basket amid speculation that the European Central Bank is preparing to scale back its massive stimulus program, as trading remained thin on a US holiday. The US dollar was mixed against its major rivals, while the euro inched lower taking some breather after having rallied on the back of optimism about the euro zone's economic outlook.
Trade deficit or difference between imports and exports was Dollars 14.88 billion in December, up about 41 per cent year-on-year, as crude oil and gold import bill inflated, the commerce ministry data showed.
The trade deficit widened to $14.88 billion last month from $13.83 billion in November, according to data released from the Ministry of Commerce and Industry yesterday.Читайте также: L 3 Communications Holdings Inc (NYSE:LLL) Sentiment Drops in Q3 2017
The dollar index, which gauges the U.S. currency against a basket of six major rivals, wallowed at more than three-year lows.
Nifty also opened up around 0.1 percent at 10,749 points. Foreign Portfolio Investors (FPIs) bought shares worth net Rs 32.92 crore on Monday while domestic institutional investors sold shares worth Rs 173.28 crore.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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